scholarly journals Impact of the Farm Income Stabilization Insurance Program on Production Decisions in the Quebec Pork Industry: An Empirical and Theoretical Analysis

2016 ◽  
Vol 5 (4) ◽  
pp. 94
Author(s):  
Baoubadi Atozou ◽  
Kotchikpa Gabriel Lawin
Keyword(s):  
Farm Income ◽  
Efficient Production ◽  
Short Term ◽  
Production Decisions ◽  
Average Growth ◽  
Vector Error Correction ◽  
Pork Production ◽  
Pork Industry ◽  
Insurance Program ◽  
Pork Sector

<p class="sar-body"><span lang="EN-CA">The Farm Income Stabilization Insurance Program (ASRA) is an agricultural program implemented in several agricultural sectors in Quebec, including the pork sector. This article aims to empirically assess the effects of this program on production decisions in the pork industry in Quebec using a Vector Error Correction Model (VEC). As variables we used the pig supply, the price of pork, and stabilized income. The dataset contains information about the pork sector which cover the period 1981-2014. The annual average growth rate of the quantity offered in this period is 5.24%. The results suggest that the supply of pork is strongly correlated with lagged values of stabilized income. The results also show that there is only one long-term relationship between the three variables above-mentioned. By contrast, in the short term, an increase of one percentage point of the stabilized income leads to an increase of 0.80 percentage point of pork supply in the next period while an increase of one percentage point of pork price will result to a decrease of 0.47 percentage point of the production. Pork production decisions are dominated in short-term by the presence of ASRA program. This shows evidence that without the ASRA program, pork production would be less. These results confirm some of the criticisms of this program. Thus, through this article we suggest a compensation indicator which internalizes market signals in order to improve pork industry efficiency. Simulations of the compensation indicator were also performed. The adoption of this indicator as a measure of compensation for the ASRA program will generate an efficient production system, reduce the deficit of the program, and improve the competitiveness of pork industry. This indicator can be applied to other agricultural sectors covered by the ASRA program.</span></p>

scholarly journals Subtherapeutic use of antibiotics in pork production: Risks and alternatives

2005 ◽  
Vol 85 (2) ◽  
pp. 117-130 ◽  
Author(s):  
Alfred Adjiri-Awere ◽  
Theodore A. Van Lunen
Keyword(s):  
Systems Approach ◽  
Growth Promotion ◽  
Cost Effective ◽  
Antibiotic Use ◽  
Nutrient Utilization ◽  
Efficient Production ◽  
Negative Effects ◽  
Pork Production ◽  
Pork Industry ◽  
Key Words Pig

The purpose of this review is to discuss the issue of subtherapeutic use of antibiotics in pork production and possible alternatives. Specifically, the review describes the potential problem of antibiotic resistance and reviews disease prevention and immune potentiation strategies as alternatives to subtherapeutic antibiotics. In recent years, the use of in-feed subtherapeutic antibiotics by the pork industry for growth promotion and disease prophylaxis has come under increased scrutiny. The potential risk of bacteria acquiring resistance to specific antibiotics and the detrimental effects that this may have on human health has resulted in the banning of certain antibiotics in some European countries. Despite the current interest in the reduction or elimination of subtherapeutic antibiotic use in livestock production, there may be a risk that such a reduction or elimination would have negative effects on animal welfare, nutrient utilization, manure production and economic sustainability. A number of alternatives to subtherapeutic antibiotics appear promising; however, more research is required before they can be considered viable commercial products. Consequently, a systems approach involving nutrition, bacteriology, immunology, pathology and herd management is needed to find a cost-effective and practical way to maximize the efficient production of high-quality pork without the use of subtherapeutic antibiotics. Key words: Pig, pork production, subtherapeutic antibiotics, alternatives

HUBUNGAN ANTARA CONSUMPTION ABROAD (MODA 2) DENGAN COMMERCIAL PRESENCE (MODA 3) DI SEKTOR JASA PARIWISATA INDONESIA

2016 ◽  
Vol 10 (1) ◽  
pp. 45-62
Author(s):  
Muhammad Fawaiq
Keyword(s):  
Vector Error Correction Model ◽  
Short Term ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Mode 2 ◽  
Variable Mode ◽  
Causality Relationship ◽  
Mode 3

Penelitian ini bertujuan untuk menganalisis hubungan antara Moda 2 dan Moda 3 dalam perdagangan internasional di sektor jasa pariwisata. Metode penelitian yang digunakan dalam penelitian ini adalah Panel Vector Error Correction Model (VECM) Granger. Data yang digunakan adalah data kedatangan wisatawan mancanegara dan Foreign Direct Investment (FDI) jasa hotel dan restoran tahun 1997-2014 di Bali, Jakarta, Kepulauan Riau dan Sumatera Utara. Daerah-daerah ini berkontribusi sebesar 81,26% dari total kedatangan wisatawan mancanegara di Indonesia dan 68% terhadap total FDI di jasa hotel dan restoran Indonesia. Hasil penelitian menunjukkan bahwa tidak terdapat hubungan kausalitas jangka pendek antara kedua variabel tetapi terdapat hubungan jangka panjang satu arah yaitu variabel Moda 3 dipengaruhi oleh variabel Moda 2. Hasil pengujian pada gabungan antara jangka panjang dan jangka pendek menujukkan bahwa variabel Moda 3 secara kuat dipengaruhi oleh variabel Moda 2. Dengan demikian diketahui bahwa semakin banyak jumlah wisatawan mancanegara yang datang ke Indonesia maka akan mendorong meningkatnya FDI di jasa hotel dan restoran, tetapi meningkatnya FDI di jasa tersebut tidak signifikan berpengaruh terhadap masuknya jumlah wisatawan mancanegara. This paper examines the relationship between Mode 2 and Mode 3 of international trade in tourism sector. The method used is the Panel Vector Error Correction Model (VECM) Granger. The data used in this study were the number of foreign tourist arrivals and the Foreign Direct Investment (FDI) in some hotels and restaurants during 1997-2014 in Bali, Jakarta, Riau Islands and Nort Sumatera.These regions contributed for 81.26% out of the total tourist arrivals in Indonesia and 68% of the total FDI in the services of hotels and restaurants Indonesia. The results using VECM Granger demonstrated that there was no short-term causality relationship between these two variables but they had a long-term causality relationship that the Moda 3 was affected by the variable mode 2. Test results on a combination of long-term and short-term showed that the variable mode 3 was strongly influenced by variable mode 2. Thus, it is known that the more foreign tourists coming to Indonesia, the more FDI we gained from the service of hotels and restaurants, but this increase does not significantly affect the number of foreign tourists.

scholarly journals Short-term adoption rates for a web-based portal within the intranet of a hospital information system

2019 ◽  
Vol 26 (1) ◽  
pp. e100004 ◽  
Author(s):  
Athanasios Kotoulas ◽  
Ioannis Stratis ◽  
Theodoros Goumenidis ◽  
George Lambrou ◽  
Dimitrios - Dionysios Koutsouris
Keyword(s):  
Open Source ◽  
Resistance To Change ◽  
Content Management ◽  
Healthcare Management ◽  
Short Term ◽  
Web Based ◽  
Average Growth ◽  
Greek Hospital ◽  
Set Up ◽  
Free Open Source

ObjectiveAn intranet portal that combines cost-free, open-source software technology with easy set-up features can be beneficial for daily hospital processes. We describe the short-term adoption rates of a costless content management system (CMS) in the intranet of a tertiary Greek hospital.DesignDashboard statistics of our CMS platform were the implementation assessment of our system.ResultsIn a period of 10 months of running the software, the results indicate the employees overcame ‘Resistance to Change’ status. The average growth rate of end users who exploit the portal services is calculated as 2.73 every 3.3 months.ConclusionWe found our intranet web-based portal to be acceptable and helpful so far. Exploitation of an open-source CMS within the hospital intranet can influence healthcare management and the employees’ way of working as well.

scholarly journals Methods to Prevent Future Severe Animal Welfare Problems Caused by COVID-19 in the Pork Industry

Animals ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 830
Author(s):  
Temple Grandin
Keyword(s):  
Animal Welfare ◽  
Detrimental Effect ◽  
Third Party ◽  
Electrical Parameters ◽  
Short Term ◽  
Pork Industry ◽  
Third Party Auditing ◽  
The Cost ◽  
High Welfare

In the U.S., the most severe animal welfare problems caused by COViD-19 were in the pork industry. Thousands of pigs had to be destroyed on the farm due to reduced slaughter capacity caused by ill workers. In the future, both short-term and long-term remedies will be needed. In the short-term, a portable electrocution unit that uses scientifically validated electrical parameters for inducing instantaneous unconsciousness, would be preferable to some of the poor killing methods. A second alternative would be converting the slaughter houses to carcass production. This would require fewer people to process the same number of pigs. The pandemic revealed the fragility of large centralized supply chains. A more distributed supply chain with smaller abattoirs would be more robust and less prone to disruption, but the cost of pork would be greater. Small abattoirs can coexist with large slaughter facilities if they process pigs for specialized premium markets such as high welfare pork. The pandemic also had a detrimental effect on animal welfare inspection and third party auditing programs run by large meat buyers. Most in-person audits in the slaughter plants were cancelled and audits were done by video. Video audits should never completely replace in-person audits.

The relationship between energy consumption and economic growth: New evidence from Greece

2021 ◽  
pp. 131-153
Author(s):  
Antonia Gkergki
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Gdp Per Capita ◽  
Short Term ◽  
Vector Error Correction ◽  
Per Capita ◽  
Econometric Tests ◽  
The Government ◽  
New Research ◽  
The Relationship

This paper examines the relationship between the energy consumption and economic growth from 1968 to 2019 in Greece, by employing the vector error-correction model estimation. A series of econometric tests are employed concerning the stationary of the data, and the co-integration and the relationship among the variables during the long- and short-term. The em-pirical results suggest that there is no bidirectional relationship between economic growth and energy consumption. More specifically, GDP per capita does not affect the energy consump-tion of the three primary sources either in the long-term or the short-term. In other words, the economic crisis and its implications for GDP do not affect energy consumption, and they are not responsible for the considerable decrease in energy sources' consumption. On the other hand, the energy consumption of oil and coal negatively affect the GDP per capita. These re-sults are different from previous studies' conclusions for Greece; this is because the never been experienced before. These findings raise new research questions and also show the limi-tations of the Greek market, as it is regulated and controlled by the government.

scholarly journals Macroeconomic Variables and Foreign Direct Investment Inflows in Turkey

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Saliha Meftah ◽  
Abdelkader Nassour
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Short Term ◽  
Causality Test ◽  
Correction Model ◽  
Vector Error Correction ◽  
Macroeconomic Variables ◽  
Vector Error ◽  
Causality Relationship

Foreign direct investment (FDI) is an essential factor in the development of a country. This study aims to examine what factors influence foreign direct investment. By using the vector error correction model, the research shows that there is a long-term causality relationship between exchange rates and inflation with FDI. However, in the short term, there are no variables that affect FDI. Besides, the Granger causality test shows causality in the direction of GDP and FDI, while other variables do not have causality. This research has implications for policymakers to pay attention to macroeconomic variables in increasing the flow of foreign direct investment.

scholarly journals Effectiveness of Monetary Policy Instruments on Economic Growth in Jordan Using Vector Error Correction Model

2017 ◽  
Vol 9 (11) ◽  
pp. 194
Author(s):  
Rami Obeid ◽  
Bassam Awad
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Policy Instruments ◽  
Short Term ◽  
Correction Model ◽  
Vector Error Correction ◽  
Real Gdp ◽  
Vector Error ◽  
Effect Of Monetary Policy

The global financial crisis emphasized the important role of the prudent monetary policy in supporting economic growth through maintaining price stability. The monetary policy operational framework that was designed in 2008 was updated to include more instruments for managing monetary policy learning from the crisis lessons. Several studies analyzed various dimensions related to economic growth in Jordan such as Abdul-Khaliq, Soufan, and Abu Shihab (2013) and Assaf (2014), there were no studies that investigated the effect of monetary policy on economic growth in Jordan, at least recently, however. The study aims at measuring the effect of monetary policy instruments on the performance of Jordanian economy. Using quarterly data covering the period (2005-2015), an econometric model was examined using Vector Error Correction Model to assess the impact of monetary policy instruments on economic growth. The foremost advantage of VECM is that it has a nice interpretation of long-term and short-term equations. The results showed the existence of positive long-term and short-term effects of monetary policy instruments on the growth of real GDP. The model included three monetary policy instruments besides money supply. They are required reserve ratio, rediscount rate and overnight interbank loan rates as independent variables, and the real GDP growth as a dependent variable. The stationarity of the model time series was addressed. In addition, the stability of the model was tested using stability diagnostics tools. The results showed also an existence of inverse relationship between rediscount rate and economic growth in Jordan over both long and short terms.

scholarly journals Effects of Biceramic AlN-SiC Microparticles on the Thermal Properties of Paraffin for Thermal Energy Storage

2018 ◽  
Vol 2018 ◽  
pp. 1-10 ◽  
Author(s):  
Arash Badakhsh ◽  
Kay-Hyeok An ◽  
Chan Woo Park ◽  
Byung-Joo Kim
Keyword(s):  
High Frequency ◽  
Interfacial Adhesion ◽  
Ceramic Powder ◽  
Efficient Production ◽  
Ceramic Powders ◽  
Short Term ◽  
Scanning Calorimetry ◽  
Characterization Methods ◽  
Thermal Features ◽  
Change Material

Herein, simplified time-efficient production of AlN-coated SiC (SiC@AlN) ceramic powder was practiced. Short-term vibratory ball milling with high frequency was employed to integrate the microsize particles. Also, paraffin as a significant phase change material (PCM) was reinforced using the manufactured SiC@AlN in order to enhance the thermal conductivity (TC) and stability of the final composite. Various characterization methods were used to clarify the changes in particle size of the biceramic powder as well as the thermal features of the paraffin-based composite. Manufactured SiC@AlN was found to be the most effective in the improvement of interfacial adhesion of composite components and the subsequent enhancement of TC, compared with singular ceramic powders as the reinforcing agents. Also, differential scanning calorimetry (DSC) indicated a very slight increase in latent heat of the fabricated composite PCM.

scholarly journals PAYROLL LOANS AND ITS RELATIONSHIP WITH THE AGGREGATE ECONOMIC ACTIVITY (2004-2014)

2017 ◽  
Vol 18 (1) ◽  
pp. 148-173
Author(s):  
ALINE BEATRIZ SCHUH ◽  
DANIEL ARRUDA CORONEL ◽  
REISOLI BENDER FILHO
Keyword(s):  
Economic Activity ◽  
Legal Aspects ◽  
Impulse Response Functions ◽  
Short Term ◽  
Causality Test ◽  
Vector Error Correction ◽  
Vector Error ◽  
Methodological Aspects ◽  
Macroeconomic Aggregates

ABSTRACT Purpose: Identify the relationship between the granting of payroll loans and macroeconomic aggregates, from 2004 to 2014, through an analysis of the influence of this type of credit on the aggregate economic activity in Brazil. Originality/gap/relevance/implications: Payroll loans are very representative in the Brazilian credit market, and the discussion on this topic is very extensive, because it is directly linked to the economic growth of a country. However, there is a gap in the literature on this subject, since most studies stress behavioral finances, or the legal aspects of contracts, and also because this type of credit is recent in the Brazilian economy. Key methodological aspects: This is quantitative approach performed through the estimation of the Vector Error Correction Model (VECM), which enabled the computation of impulse-response functions, the variance decomposition and the Granger causality test. Summary of key results: The results indicate that the granting of payroll loans causes an increase on macroeconomic aggregates in the short term, but over longer periods of time this increase tends to be eliminated. Key considerations/conclusions: The granting of payroll loans influences the behavior of the economic activity. However, despite the fact that its concession provides leverage in the short term, this growth is not sustainable in the long-term. In this scenario, there is exponential growth in household consumption over the past decade; however, the industry productivity and the investments did not follow this evolution. It is inferred from this that the current growth model generates expansion, but its effects are limited.

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